Norsk Titanium – The Leader in Additive Metals Manufacturing

1. Proprietary, OEM validated technology with large installed capacity 75% less waste and energy usage, 40% less cost
2. Large addressable market with high barriers to entry and structural tailwinds Targeting a USD 7bn+ annual serviceable market
3. Diversified customer base and established framework agreements with OEMs Parts on Airbus and Boeing aircrafts, defense aircrafts, semiconductor and energy equipment

Key Highlights

Progressing the Airbus engagement: Advancing discussions on scope and timing of the third production order to support Airbus' additive manufacturing roadmap
Strong momentum in Defense: Growing traction driven by demand for faster production and broader supply chains selected by ICAM1, within the U.S. DoD, for major development program across land, sea, air, and space vehicles
Part Transitions: Added 2 additional industrial parts beyond aerospace in Q3
Go-to-market strategy to grow pipeline in industrial markets: Accelerating path to adoption through expansion into faster-moving, less regulated markets
Strengthened financial position: Raised gross USD 22 million in new equity to extend financial runway, and reduced cash burn from USD 2.9 million per month in the 1H25 to USD 2.4 million in Q3
Leadership transition: New CEO Fabrizio Ponte leading next growth phase for Norsk Titanium

	H1 2024	YE 2024	1H 2025	Q3 2025 YTD
Parts in serial production	26	54	54	56
Revenue	\$1.3m	\$4.5m	\$2.0m	\$2.6m

Leadership Transition for Norsk Titanium's Next Growth Phase

Introducing Fabrizio Ponte, CEO Norsk Titanium

Nearly 30 years of global leadership experience from Syensqo (formerly Solvay)
Extensive experience across aerospace, defense, energy, automotive, and semiconductors markets
Led international business units in Europe, the U.S., and China driving commercialization and profitable growth in global industrial markets
Successfully scaled advanced materials businesses in complex and highly regulated industries

Laying the Foundation for Efficient Scaling Toward Profitability

Key priorities over the next three months

Rapidly climbing the learning curve: Meet with employees, customers, and partners to confirm key priorities and ensure shared focus across the organization

1. Strengthen Commercial Execution: Refine sales plans through customer validation and pipeline analysis to identify high-impact opportunities and strengthen commercial readiness
2. Enhance Operational Readiness: Define and implement actions to improve production efficiency, accelerate new product introduction, and align capacity and supply chain with planned scaling for growth
3. Reinforce Financial Discipline: Maintain strong cash management and flexibility to support execution toward profitability

Leadership Anchored in Accountability, Focused Execution and Collaboration

Continued commercial discussions with Airbus

Continued recurring deliveries to Boeing and Airbus
Advancing commercial discussions with Airbus Aerostructures on the third production order
Deepened engagement with Airbus to expand the application of RPD® technology
Hosted joint workshop with Airbus and regulators at the Norsk Titanium facility in Plattsburgh

Source: Airbus Replacing Titanium Forged Parts presentation, AM Forum Berlin, 18 March 2025

Positioning RPD® as key enabler for U.S. Dept. of Defense

Continued recurring deliveries to key U.S. DoD contractor for unmanned aircrafts
Advanced two new development contracts with major U.S. DoD contractor
Progressing Innovation Capability and Modernization (ICAM) funded qualification program expanding RPD® applications across air, space, land and sea
ICAM program positions RPD® as a key enabler for the U.S. DoD to boost production rates and cut lead times; 18-month initiative with final scope and contracting details pending

Focused go-to-market strategy in Industrials

Deliveries to Hittech in the semiconductor market for carrier trays set to resume in Q4 2025; production initiated in Q3
Focused go-to-market strategy to diversify revenue – targeting faster-moving sectors such as energy systems, automation and advanced manufacturing
Two new parts transitioned to serial production for energy infrastructure applications

Photo: Hittech Group

Summary & Outlook

Leadership Transition: New CEO and leadership team assessing key levers to accelerate commercialization and profitable growth
Commercial Execution: Continued engagement with Airbus, U.S. DoD, and industrial customers; visible traction in defense and energy markets
Operational Readiness: Improving efficiency, production capabilities, and supplier network to support scaling and diversification
Financial Discipline: Strengthened capital base and reduced cash burn to extend runway
Outlook: Modest near-term revenue as qualification cycles continue line-of-sight to revenue growth, scaling and diversification through 2026

Entering 2026 with stronger foundation and clear execution focus